FTI Consulting (NYSE:FCN) announced its earnings results on Thursday. The business services provider reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.28, MarketWatch Earnings reports. The company had revenue of $607.85 million for the quarter, compared to analysts’ expectations of $564.02 million. FTI Consulting had a return on equity of 13.63% and a net margin of 8.07%. FTI Consulting’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.73 earnings per share. FTI Consulting updated its FY 2020
Pre-Market guidance to 5.50-6.00 EPS and its FY20 guidance to $5.50-6.00 EPS.
Shares of NYSE:FCN traded down $2.16 during midday trading on Friday, reaching $119.44. 516,882 shares of the company traded hands, compared to its average volume of 384,866. The company has a quick ratio of 2.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.32. FTI Consulting has a 12 month low of $100.09 and a 12 month high of $144.10. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 23.37 and a beta of 0.24. The firm’s fifty day moving average price is $110.93 and its two-hundred day moving average price is $118.78.
Several research analysts recently issued reports on FCN shares. William Blair raised FTI Consulting from a “market perform” rating to an “outperform” rating in a research report on Monday, April 6th. Sidoti raised FTI Consulting from a “neutral” rating to a “buy” rating and lifted their target price for the company from $152.00 to $171.00 in a research report on Friday, May 1st. Finally, Zacks Investment Research cut FTI Consulting from a “hold” rating to a “sell” rating and set a $122.00 target price on the stock. in a research report on Monday, June 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $149.33.
About FTI Consulting
FTI Consulting, Inc provides business advisory services to manage change, mitigate risk, and resolve disputes worldwide. The company's Corporate Finance & Restructuring segment provides turnaround and restructuring, business transformation, interim management, valuation and financial advisory, transaction, dispute advisory, and tax services, as well as mergers and acquisitions (M&A), and M&A integration services.
Further Reading: How to use beta for portfolio diversification
Receive News & Ratings for FTI Consulting Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTI Consulting and related companies with MarketBeat.com's FREE daily email newsletter.